Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
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A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”
In an Aug. 1
Elizabeth Warren has been an outspoken critic of the cryptocurrency industry in the U.S., going as far as forming an “anti-crypto army” as the centerpiece of her Senate re-election campaign.
Sanders — while more publicly quiet on crypto compared to his Democratic counterparts — has co-signed a number of letters headed by Warren seeking to impose tighter restrictions on the space.
A recent poll commissioned by Grayscale Investments found that 59% of Democrats and 51% of Republicans consider crypto to be the future of finance suggesting Warren’s stance may not prove to be a vote-winner among the majority of the population.
Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’
